Town of Sidney Financial Plan 2017 2021 February 21, 2017 Budget - - PowerPoint PPT Presentation

Town of Sidney

Financial Plan 2017 – 2021

February 21, 2017

Budget Process Timing

January 16th – Committee of the Whole – Budget Introduction



Presentation of summary budget information.



Clearly outline the starting point for deliberations.



Budget package distributed to Council, and available to public. February 6th – Committee of the Whole



Opportunity to discuss and clarify various parts of the budget.



Opportunity for in-depth discussion prior to final deliberations.



Opportunity for public input.



Additional staff reports on meeting agenda. February 21st – Special Council Meeting – Budget Deliberations



Updated presentation for benefit of Council and the public.



Direction from the previous meetings incorporated.



Goal is for Council to approve the Financial Plan.

Review Process

Following opening summary:

 Council to approve changes to budget by resolution  Subject to tonight’s review, the following resolutions are

anticipated:

 Any additions, deletions, changes or deferrals to budget  Approval of the general capital budget, as amended  Approval of the general operating budget, as amended.

What has been Approved?

 Water & Sewer Budgets

 Largely status quo; no change to rates.

 SHOAL Centre Sign?

What has Changed since Introduction?

 Tax funding for Capital projects reduced by $77,100

 Replaced by funds carried over from 2016  Reduction in project and reallocation of funding  Use of Amenity Funds.

 Museum Supplemental request decreased by $20,200.  Employee Parking Lot now Gas Tax funded  Tax revenue from new construction reduced by $9,000.

 Total reductions since introduction: $90,750.

So What’s the Tax Increase?

 The Draft Financial Plan started out with a 1.51% general

tax increase for 2017.

 At introduction, we outlined the major budgetary impacts

(how we got to the 1.51%).

 We have since identified additional net savings that reduce

the tax increase to 0.66%.

Tonight…

 Council will have one more chance to make additional

changes to the budget.

Budget Highlights

 Supplemental Items – one-time or ongoing additions to

existing service levels

 Net impact for 2017: $137,250.

 Additional $124,000 going into reserves

 Including $60K Supplemental item above.

 More support for community organizations and partners.  Beginning construction of Community Safety Building

 Tax impacts are mostly in 2018/2019.

 Making the most of all our funding sources to keep tax

increases to a minimum.

Capital Budget

Total Capital for 2017: $11.6M

 $3.3M in Replacement Plan projects

 Infrastructure Plans - $2.2M  Other replacement plans - $1.1M

 $328K in Recurring Programs

 e.g. Street Lighting, Underground Wiring, Small equipment

 $6.8M in projects carried forward from 2016

 $6M of this is Community Safety Building  $472K for Skateboard Park

 $1.17M in new projects – see document for full listing

 Employee Parking Lot – initial phase  Only $168K of this is tax funded.

Capital Budget Capital Funding Sources

 $11.6M Capital program funded as follows:

 Reserves - $5M  Debt - $6M  Taxes and User Fees - $237K  Funds carried forward from previous years - $344K  Other - $69K.

Tax Funded Expenditures

19.9% 18.7% 15.0% 11.7% 10.8% 10.7% 5.1% 3.7% 1.8% 2.5%

Police Protection Public Works General Government Fire & Emergency Services Recreation and Culture Transfer to Reserves Community Support Planning, Building & Bylaw Capital Debt Servicing

Property Taxes

 Increase in Property Taxes required: $212,295  Allocated as follows:

 $141,000 in taxes from new construction

 Assuming current tax increase (0.66%)  An increase of $16,000 over last year.

 $71,295 in general tax increase

 Roughly 0.66%.

Property Tax Impacts

Town of Sidney - 2017 Financial Plan

Required % Tax Tax Revenue Increase 2016 Taxes 10,764,343 Add: Changes to core budget Miscellaneous operational increases 89,700 RCMP Contract increases 45,800 Increase in reserve transfers 51,200 Decrease to capital budget funded from tax (111,655) 75,045 0.70% Add: Incremental items Supplementals - one time 52,000 Supplementals - continuous 129,850 Less: 2016 one-time Supplementals (44,600) 137,250 1.28% Deduct: Offsets 2017 Tax Base growth (non-market) revenue (141,000) (141,000)

• 1.31%

2017 Property tax increase to existing taxpayers 71,295 0.66%

Note: 1% increase in taxes = $107,637 in additional revenue. Each 1% tax increase represents approximately $1.15 per month for the average residential taxpayer

Impact on Tax Bill

Example: financial impact of 0.66% property tax increase for “average” home assessed at $514,364 (2016: $441,331).

Annual Monthly Daily Annual Monthly Daily Municipal Taxes 1,378 115 3.78 Municipal Taxes 1,387 116 3.80 Water Parcel Tax 60 5.00 0.16 Water Parcel Tax 60 5.00 0.16 Sewer Parcel Tax 120 10.00 0.33 Sewer Parcel Tax 120 10.00 0.33 Total 1,558 130 4.27 Total 1,567 131 4.29 Increase 9.09 0.76 0.02 Actual % increase on municipal charges 0.58% 2016 2017

Property Taxes – Average Residence

2017 2016 Increase Increase ASSESSED VALUE 514,364 441,167 $73,197 16.59% MUNICIPAL TAXES $1,387.09 $1,378.00 $ 9.09 0.66% OTHER GOVERNMENTS School Taxes 714.43 714.43

• 0.00%

Regional District 300.93 291.09 9.84 3.38% Regional Hospital 130.21 128.46 1.75 1.36% B.C. Assessment 23.96 23.96

• 0.00%

Municipal Finance Authority 0.09 0.09

• 0.00%

Regional Transit Levy 110.29 110.29

• 0.00%

Regional Library 90.02 86.74 3.28 3.78% Total Other Governments 1,369.93 1,355.06 14.86 1.10% TOTAL $2,757.02 $2,733.06 $23.96 0.88%

Who Gets Your Tax Dollars?

Residential Commercial

Municipal 53% School 25% Other Taxes 22%

5-Year Projection

2017 2018 2019 2020 2021 New Revenue Required $ 212,295 $ 471,388 $ 428,275 $ 219,220 $ 296,197 Tax Base Growth (141,000) (150,000) (150,000) (150,000) (150,000) General Tax Increase $ 71,295 $ 321,388 $ 278,275 $ 69,220 $ 146,197 % increase 0.66% 2.93% 2.43% 0.58% 1.21%

• Largest impact for 2018/2019: CSB Debt repayments.
• Revenue projections are conservative
• Tax Base growth may in fact offset some of the

above increases.

CSB Borrowing

2017 2018 2019 2020 2021 $14,650 $ 160,725 $ 307,490 $ 317,012 $ 317,012

• Based on total of $6.3M borrowed over 3 years
• First amount locked in Fall 2017
• Final amount in Spring 2019
• Final borrowing amount still very much dependent on

proceeds from sale of existing fire hall site.

Inflation vs Tax Increases

 The following table compares (one measure of) inflation over the last

5 years to the annual tax increases:

 The inflation factor used in the above table is not the most relevant

to capture the Town’s expenditure types.

 Price of oil and construction materials, for example, has greater impact on

Town budget than on typical basket of goods that makes up CPI.

 More importantly, CPI does not allow for additions to the “basket”

 i.e. New services.

2013 2014 2015 2016 2017 Cumul. Victoria CPI* 1.0%

• 0.3%

0.9% 1.1% 1.77% 4.5% Tax Increase 2.93% 2.61% 2.52% 0.81% 0.66% 9.9%

Inflation vs Tax Increases

 In comparing CPI to tax increases, must also consider:

 Changes in service level from one year to the next

 e.g.. Firefighter Hiring Plan, additional Policing.

 Non-discretionary increases over which the Town has no control

 e.g. Large increases to RCMP contract.

 Increases deferred from (or accumulating in) previous years

 e.g. Setting aside more funds to deal with Infrastructure Deficit  Incurring debt to pay for building replacements or parks expansion  Hiring Parks staff to assist with increased maintenance volumes due to

addition of park spaces.

Policing Costs – 2009 to 2017

Year Per Member 70% Total Cost Members 2009 120,600 84,420 1,181,880 14 2010 129,100 90,370 1,265,180 14 2011 135,400 94,780 1,326,920 14 2012 140,000 98,000 1,372,000 14 2013 150,670 105,469 1,476,566 14 2014 156,000 109,200 1,583,400 14.5 2015 159,130 111,391 1,670,865 15 2016 167,300 117,100 1,756,200 15 2017 173,100 121,200 1,800,000 15

Community Support Funding

Amounts budgeted for community support have increased over the past several years:

2013 2014 2015 2016 2017 MWC 191,132 197,852 255,527 291,338 316,109 Museum 103,300 100,941 99,175 110,567 113,367 SODC 51,336 55,751 78,736 78,669 78,669

• Econ. Dev.

120,000 123,962 160,000 128,800 138,800 Other 70,900 91,503 79,400 77,945 75,845 Total 536,668 570,009 672,838 687,319 722,790

Community Support Funding

At over $720K in 2017, 6.6% of Net Operating Budget

• 100,000

200,000 300,000 400,000 500,000 600,000 700,000 800,000 2013 2014 2015 2016 2017

MWC Museum SODC

• Econ. Dev.

Other

Increases above Inflation – past 5 years

 Total Difference: approx. $580,000  RCMP Contract: $428,000  Community Support: $200,000  Firefighter Hiring Plan: $200,000+  Transfer to Infrastructure Reserves: $220,000  Already accounted for; how funded? Growth in tax base Internal efficiencies!

Resolutions required:

 Any additions, deletions, deferrals, other changes.  That the general capital budget be approved (as

amended).

 That the general operating budget be approved (as

amended).

What Follows?

 Financial Plan bylaw will be brought forward for

adoption – (late March/early April).

 Tax Rates bylaw will be brought forward for

adoption following receipt of Revised Assessment Roll (April/May).

Financial Plan 2017-2021

SUPPORTING INFORMATION

Items Requiring Review

• 1. Supplemental Requests
• 2. Tax Funded Capital
• 3. Other Capital
• 4. General Operations?
• 5. Other changes?

What is our starting point in budgeting?

Maintain Existing Service Levels



The “Base Budget” is developed to maintain existing levels of service to taxpayers



i.e. what does it cost to provide the services that have been previously approved by Council, and expected by the public?



Staff use collective experience, along with the latest external information, to determine cost of delivering services



We don’t budget for “worst case”, only “most likely case” based

• n extensive experience



Not always an increase; we look for efficiencies where available.

Additional Reductions?

 Most likely sources for additional reductions:

 Capital projects funded from Taxation  Supplementals

 Why not the Operating budget?

 Mainly due to use of Surplus funding  The $250K we use to minimize tax impact mainly covers

expected savings in Operating budget

 If we reduce Ops. budget, we reduce the comfort level with

generating expected savings

 Therefore, if Ops. budget reduced, first step would be to also

reduce amount of Surplus funding; hence no tax impact.

Surplus Funding



Town is required to have an ongoing Surplus from prior years’

• perations



Does not mean that we can’t have a deficit in a given year.



We have a long-standing policy that outlines what our minimum balances should be:



Based on percentage of previous year’s revenues



25% for Taxes, 15% for Utilities



We use a certain amount of Surplus to balance the budget each year (now increased to $250K)



This prevents “over-taxing” for current operations



Expectation is that departments given sufficient funds to carry out mandate, but that some savings will occur.



Temporary increase by $50K for 2017/18 to fund term positions.

Major Supplemental Items

 RCMP Crime Analyst/Quality Control Position

 Shared with North Saanich; half year only in 2017.

 Museum Funding Increase

 Pursuant to recent presentation to Council.

 Increase in annual transfer to Infrastructure Reserve

 To address projected deficit in funding for Road, Sidewalk and

Curb & Gutter work over next 20 years.

 Mary Winspear Ground Maintenance

 Part of agreement related to use of lands for Parking Lot.

 Any questions about Supplemental items?

Reserve Balances and Projections

(1,500,000) (1,000,000) (500,000) 500,000 1,000,000 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036

Reserve Balance

Roads Reserve

Status Quo 2017 Increase to Reserves

Capital Budget – Replacement Plans

Property Fees/ Total Budget Tax RFFC Reserves Grants Debt Other Funding ADM-08-003 PEARL - Asset Management Software Upgrades 20,000 20,000 20,000 ADM-17-001 PEARL - Asset Performance Module 20,000 20,000 20,000 COM-08-003 Computer Replacement Plan 290,000 290,000 290,000 COM-16-004 Tempest - Prospero Mobile Inspections 10,000 10,000 10,000 COM-17-005 Tempest - Security Review 2,800 2,800 2,800 COM-17-006 Tempest - Tempest 8 User Interface Upgrade 15,000 15,000 15,000 FIR-08-004 Fire Vehicle Replacement Plan 28,000 28,000 28,000 DNP-13-002 Ferry Terminal Marine Structures 145,000 145,000 145,000 DNP-13-003 Ferry Terminal Building Improvements 50,000 50,000 50,000 DNP-15-002 Ferry Terminal Dock Metal Painting 200,000 200,000 200,000 DRA-13-001 Infra Plan Ardwell Ave Storm 490,000 490,000 490,000 DRA-14-002 White Birch Road Storm Drain Repair 20,000 10,000 10,000 20,000 DRA-16-004 Infra Plan-Resthaven Dr Storm 20,000 20,000 20,000 DRA-17-004 Infra Plan Storm-Access Lane #4, Orchard Ave 3,100 3,100 3,100 DRA-17-005 Infra Plan Storm-Ocean Ave, Fourth-10294 143,300 143,300 143,300 PRK-15-008 Parks Master Plan 25,000 25,000 25,000 PRK-17-001 Tulista Park Volley Ball Court 10,000 10,000 10,000 PRK-17-004 Central Irrigation Monitoring 15,000 15,000 15,000 PWG-09-003 Transportation Vehicles 120,000 120,000 120,000 PWG-17-004 Wheel Loader 160,000 160,000 160,000 RDS-16-024 Infra Plan-Resthaven-Malaview-Ardwell 307,300 307,300 307,300 RDS-17-029 Infra Plan-Colinwood-Bowerbank to End 181,400 181,400 181,400 RDS-17-030 Infra Plan Sidewalk-Eastbrook-Wesbrook to Northbrook 64,400 64,400 64,400 RDS-17-031 Infra Plan Paving-Beacon Wharf Causeway-2540 Beacon 21,400 21,400 21,400 RDS-17-032 Infra Plan Paving-Fire Lane #3-McDonald Pk to Pat Bay 61,400 61,400 61,400 RDS-17-033 Infra Plan Pave-Gail Pl, Frost to End 58,500 58,500 58,500 RDS-17-034 Infra Plan Pave-Lane #4, Orchard to Oakville 5,200 5,200 5,200 SNR-17-001 Senior Centre Flooring 21,700 21,700 21,700 WAT-17-005 Infra Plan Water-Northbrook, Canora -Wesbrook 77,600 77,600 77,600 WAT-17-006 Infra Plan Water-Webrook, Northbrook to Eastbrook 357,000 357,000 357,000 SEW-08-004 Sewer Vehicles 48,000 48,000 48,000 SEW-17-005 Infra Plan Sewer-Resthaven, Malaview-Amherst 120,000 120,000 120,000 SEW-17-007 Frost Pump Station Kiosk Replacement 25,000 25,000 25,000 SEW-17-008 Ardwell Ave. Sanitary Sewer 180,000 180,000 180,000 Replacement Plans 3,316,100

• 3,306,100
• 10,000

3,316,100 Funding Sources

Capital Budget – Recurring/Carried Forward

Property Fees/ Total Budget Tax RFFC Reserves Grants Debt Other Funding FIR-16-005 Community Safety Building 6,000,000 6,000,000 6,000,000 PRK-14-001 Reay Creek Dam Assessment & Remediation 22,150 22,150 22,150 PRK-16-009 Skateboard Park 472,150 472,150 472,150 PRK-16-010 Rotary Park Irrigation Replacement 30,000 15,000 15,000 30,000 PWG-16-013 Building Exposure Analysis 50,000 50,000 50,000 PWG-16-014 Public Works Compound Extension and Fencing 50,000 50,000 50,000 RDS-15-019 Gateway Signage 7,000 3,000 4,000 7,000 RDS-15-020 Wayfinding Signage 29,000 29,000 29,000 RDS-16-020 Resthaven Driveway Drops 10,000 10,000 10,000 RDS-16-021 Decorative Lighting Upgrades 71,000 71,000 71,000 RDS-16-026 Traffic Signal Light Upgrade 30,000 6,600 23,400 30,000 RDS-16-027 Bowerbank/Amelia Traffic Improvements 15,000 15,000 15,000 SEW-16-002 Town Hall Service Connections 10,000 10,000 10,000 Projects Carried Forward 6,796,300

• 195,750

562,150 23,400 6,000,000 15,000 6,796,300 ADM-08-001 Workplace Efficiency Upgrades 5,000 5,000 5,000 COM-09-003 Computer Equipment Fund 5,000 5,000 5,000 ENG-08-003 Engineering Equipment 4,500 4,500 4,500 FIR-08-003 Fire Dept. Small Equipment 21,370 21,370 21,370 POL-09-005 RCMP Furnishings/Equipment 10,000 6,500 3,500 10,000 PRK-08-005 Parks Equipment 10,000 10,000 10,000 PWG-08-005 Underground Wiring 20,000 5,000 15,000 20,000 PWG-08-011 Green Technology Applications 10,000 10,000 10,000 PWG-09-002 Public Works Equipment 10,000 10,000 10,000 PWG-16-002 Water Fountain Stations Downtown 15,000 15,000 15,000 RDS-08-010 Decorative Street Lighting 30,000 30,000 30,000 TRN-15-001 Bus Stop Improvements 12,500 12,500 12,500 WAT-08-001 Water Equipment 10,000 1,650 8,350 10,000 WAT-15-001 Hydrant Upgrades 10,000 10,000 10,000 WAT-17-001 Meter Replacement Program 125,000 125,000 125,000 SEW-08-001 Sewer Equipment 10,000 1,200 8,800 10,000 SEW-16-001 Access Hatches-Pump Stations 20,000 20,000 20,000 Recurring Programs 328,370 69,220 105,650 150,000

• 3,500

328,370 Funding Sources

Capital Budget – New Projects

Property Fees/ Total Budget Tax RFFC Reserves Grants Debt Other Funding ADM-17-004 Council Chamber Upgrades 10,000 10,000 10,000 DRA-17-006 Stormwater Model Calibration 60,000 60,000 60,000 FIR-17-006 2 Infra-Red Cameras 4,000 2,150 1,850 4,000 FIR-17-007 Turnout Gear Additions 11,500 3,500 8,000 11,500 FIR-17-008 CSB Access Easement 40,000 40,000 40,000 PRK-17-002 Melville Park Path-Resurface Overlay 20,000 20,000 20,000 PRK-17-006 Tulista Park Sidewalk Improvements 50,000 50,000 50,000 PRK-17-010 Tulista Park-Rebuild Shelter 25,000 25,000 25,000 PRK-17-015 Rotary Park Roof Replacement 30,000 15,000 15,000 30,000 PRK-17-016 Town Hall Irrigation 15,000 15,000 15,000 PWG-17-001 Pipe Rack Storage Shed 7,500 7,500 7,500 PWG-17-002 Parks Building-Upper Mezzanine Crane Pulley System 10,000 10,000 10,000 PWG-17-015 Workyard Solar Project 120,000 20,000 100,000 120,000 PWG-17-016 Town Hall Backup Server A/C Unit 8,000 8,000 8,000 RDS-15-005 Epco Drive Sidewalk 6,500 6,500 6,500 RDS-15-022 Pedestrian Traffic Counters 25,000 25,000 25,000 RDS-16-028 Downtown Employee Parking Lot 500,000 500,000 500,000 RDS-17-037 White Birch Road Cul De Sac Improvements 60,000 60,000 60,000 SNR-17-002 Shoal Centre Monument Sign 19,500 19,500 19,500 WAT-17-007 White Birch Loop Watermain and Fire Road 120,000 120,000 120,000 SEW-17-006 Siddall Sewer & Drain Reno 30,000 7,000 23,000 30,000 New Projects 1,172,000 167,650 43,000 944,500

• 16,850

1,172,000 Funding Sources

Capital Budget – Tax Funded

2017 2018 2019 2020 2021 Annual Workspace Efficiency Upgrades 5,000 5,000 5,000 5,000 5,000 Computer Equipment Fund 5,000 5,000 5,000 5,000 5,000 Town Hall Foundation Drainage 50,000 50,000 Engineering Equipment 4,500 4,500 4,500 4,500 Fire Department Small Equipment 21,370 21,370 21,370 21,370 21,370 2 Infra-Red Cameras 2,150 Turnout Gear Additions 3,500 RCMP Furnishings 3,000 6,500 Parks Equipment 10,000 10,000 10,000 10,000 10,000 Totem Park Shelter and Trees 20,000 Rotary Park Irrigation Replacement 15,000 15,000 15,000 Rotary Park Roof Replacement 15,000 Town Hall Irrigation 15,000 Fifth Street Medians Landscaping 16,500 Resthaven Park Propeller 10,000 Underground Wiring 5,000 20,000 20,000 20,000 20,000 Town Hall Sidewalks 50,000 Public Works Equipment 10,000 10,000 10,000 10,000 10,000 Scissor Lift 20,000 Small Packer Garbage Truck 100,000 Pipe Rack Storage Shed 7,500 Parks Building-Upper Mezzanine Crane Pulley System 10,000 Public Works Wash Bay 15,000 Replace 4th Street Washroom 50,000 Workyard Solar Project 20,000 Town Hall Backup Server A/C Unit 8,000 Parks Building Washroom / Shower Lower Level 10,000 Parks Building Storage Mezzanine 12,500 12,500 Decorative Street Lighting 30,000 30,000 30,000 30,000 McDonald Park Rd Pave Van Kam Shoulders 3,000 Resthaven Curb Returns - Allbay Rd & Harbour Rd 20,000 White Birch Road Cul De Sac Improvements 60,000 Sidney Ave Inlaid Crosswalks 17,000 Shoal Centre Monument Sign 19,500 Bus Stop Improvements

• 12,500

Property Tax 217,020 265,370 258,370 210,870 212,370

Capital Budget – Gas Tax Funded

2017 2018 2019 2020 2021 Stormwater Model Calibration 60,000 Skateboard Park 412,150 Melville Park Path-Resurface Overlay 20,000 Tulista Park Sidewalk Improvements 50,000 Tulista Park-Rebuild Shelter 25,000 Workyard Solar Project 100,000 Epco Drive Sidewalk 6,500 Gateway Signage 4,000 Decorative Lighting Upgrades 71,000 Bowerbank/Amelia Traffic Improvements 15,000 Downtown Employee Parking Lot 500,000 White Birch Loop Watermain and Fire Road 120,000 Green Technology Applications 10,000 10,000 10,000 10,000 10,000 Community Safety Building 500,000 Multi Court Lighting 20,000 McDonald Park Road Sidewalk 65,000 Malaview Ave Sidewalk, Melissa St to Resthaven Dr 108,000 Bike Path West Side of Highway 160,000 Fishing Pier Metal Painting 500,000 Rathdown Park Playground Equipment 60,000 Solar Lights Maryland Park & Melville Park 10,000 Orchard Ave Sidewalk 2nd St to 3rd St 14,000 First Street Sidewalk, First St to Second St 42,000 Sidewalk - Malaview from 3rd to 5th 40,000 Seventh Street Sidewalk 18,000 Bowerbank Road Sidewalk 17,000 Ocean Ave Sidewalk & Curb, Fifth to First 80,400 Total Capital Funding 1,393,650 863,000 676,000 125,400 10,000

Capital Budget Amenity (Bonus Density) Funds Used

Funds Received Streetscape Public Art 9776 Fourth Street 40,000 25,000 2440 Bevan Avenue 40,000 24,500 9725 First Street 30,000

• 9741 Fifth Street

75,000 9667 First Street 30,000 215,000 49,500 Funds Used 2012 - Sculpture Walk (25,000) 2013 - Beacon Ave. Revitalization (10,685) 2014 - Beacon Ave. Revitalization (69,714) 2014 - First Street Sidewalk (7,549) 2014 - Sculpture Walk (12,410) 2015 - First Street Sidewalk (75,000) 2015 - Seaspray (Gateway) Park (20,000) 2016 - Waterfront Walkway (1st St Estates) (30,000) 2016 - 2nd St. Sidewalk (4,000) (216,948) (37,410)

Property Taxes – 2016 Distribution

Class Total Assessments Taxes Collected 1 - Residential 2,399,073,013 83.9% 7,489,234 69.6% 2 - Utilities 1,130,900 0.0% 20,660 0.2% 5 - Light Industrial 38,278,400 1.3% 279,723 2.6% 6 - Commercial/Other 388,013,701 13.6% 2,835,449 26.3% 8 - Recreation/Non-profit 31,496,400 1.1% 138,818 1.3% 9 - Farm 112,485 0.0% 461 0.0% 2,858,104,899 10,764,345

$- $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 $4,000 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Taxes Paid by Property Valued at $500,000

Residential Commercial

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Residential $ 1,244 $ 1,186 $ 1,304 $ 1,349 $ 1,307 $ 1,374 $ 1,512 $ 1,569 $ 1,593 $ 1,561 $ 1,354 Commercial $ 3,684 $ 3,426 $ 3,698 $ 3,573 $ 3,620 $ 3,659 $ 3,684 $ 3,676 $ 3,768 $ 3,654 $ 3,536